A look at the market for a pied-à-terre in three glamorous cities: Paris, London and New York

Charlotte Whitaker spent nearly 30 years fantasizing about owning a pied-à-terre in Paris. Last fall, after the euro fell against the dollar and new French tax laws took effect, Ms. Whitaker, a Chicago attorney, made her move: She bought an 800-square-foot, light-filled, classic Parisian apartment a short walk from the Eiffel Tower and the Champs-Élysées.

"It gives me the experience I wanted to have: being a Parisian woman,...

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Pied-à-Terre Markets Are Hot in These Cities

A snapshot of three global cities (New York, Paris, and London) and the market for luxury studios and one bedroom homes, and what buyers should know about buying a pied-à-terre abroad. Photo: Emmanuel Fradin for The Wall Street Journal.